7656 McKinley Ave, Los Angeles, CA 90001

FHA OK. ONE UNIT VACANT FOR THE OWNER OR NEW TENANT. 3 Car Garage plus 2 Parking Spaces Next to It. Great for first time homeowner or investor. Enjoy low maintenance and well maintained duplex with government subsidized tenant. Both units have 1 bed 1 bath. 1 Unit has 1 car garage and 2nd unit has 2 car garage. $12,915 FHA 3.5% DOWN PAYMENT ALLOWS YOU TO GET MORTGAGE PAYMENT AT $2,300 PER MONTH INCLUDING MORTGAGE INSURANCE, PROPERTY TAX AND HOI. $2300 - $1040 (PAID BY TENANT IN THE 2ND UNIT) LEAVES YOU WITH NET $1,260 PAYMENT THAT IS LOWER THAN RENT. ALSO, $400 OF THAT MONTHLY MORTGAGE PAYMENT IS PRINCIPAL BALANCE REDUCTION EVERY MONTH SO YOUR ACTUAL COST IS $860 PER MONTH AND IF YOU TAKE TAX DEDUCTION AND YOU ARE IN TYPICAL 27% BRACKET YOU GET $3000 IN ANNUAL TAX SAVINGS THATS ANOTHER $250 PER MONTH SO YOUR ACTUAL COST TO LIVE IN THIS PROPERTY IS $610 PER MONTH PLUS UTILITIES.Agent Remarks : GO DIRECT. 7658 MCKINLEY UNIT IS VACANT. SUPRA BOX INSTALLED. CAN ACCESS UNIT 7658 MCKINLEY